Real Estate

Fire has gutted about 156 shops at the timber and furniture section of Nkwo Ngwa market in Aba South Local Government Area of Abia, leaving many families in grief for their losses. Okechukwu Lawrence, Chairman of the market traders’ association, told journalists at the market on Sunday that he was informed about the incident through phone call around 7:00 pm ...

Muslims community in Ekiti State has called on the government to revoke the land allegedly acquired by former Governor Ayodele Fayose in Ado-Ekiti for his son, to avert crisis in the state. The Muslims said that the land located at Atikankan area was acquired in 1940 under the late Ewi of Ado-Ekiti, Oba Aladesanmi Anirare, describing the alleged take-over as ...

The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of $40m in African economies. The $40m would be ploughed in the African Infrastructure Investment Fund, with a focus on acquiring positions of significant influence in roads, airports, rail links, bridges, ports, logistics, power generation, utility distribution, as well as telecommunications assets, the AfDB said ...

Nigerians in the diaspora remit over 15.8 billion pounds to the country annually, a study on ‘Nigeria Diaspora: Opportunities for Increasing the Development Impact of Nigeria’s Diaspora,’ has revealed. The report which was conducted by the Dalberg Advisors on behalf of the Office of the Vice President, the Nigerian Investment Promotion Commission and the Ministry of Foreign Affairs, revealed that ...

Former governors, ex-ministers, top military officers and businessmen are among owners of the properties seized by the Economic and Financial Crimes Commission (EFCC). The highlights of the forfeiture were contained in a document obtained by The Nation. The document indicates that the EFCC is empowered by the law to place all suspicious assets under interim assets forfeiture – in line ...

The Minister of Transport, Rotimi Amaechi, has said that efforts have begun to demolish parts of Lagos Ports terminals to give way for both ongoing constructions of standard and narrow gauge rail lines. Amaechi disclosed this while inspecting the five terminals at Lagos Ports at Apapa on Thursday. He said: “We have enjoined the Project Implementation Technical Committee on Lagos-Ibadan ...

Mr. Solomon Eke, Chairman, Obio/Akpor Local Government Council, Rivers has blamed the flooding at Nkpolu-Rumuigbo on the activities of illegal property developers. Eke told newsmen in Port Harcourt on Wednesday that a special committee on flooding set up by the council had already submitted its recommendations on how to tackle the menace. Reports show that some communities in Obio/Apkor, including ...

Federal Executive Council (FEC) on Wednesday approved the procurement and installation of Instrument Landing Systems for Abuja, Kaduna, Benin, Ibadan and Enugu airports. According to the Minister of Aviation, Hadi Sirika, the landing systems are expected to guide pilots and planes to the central line of the runway and to the threshold. This contract which was initially awarded at a cost ...

The villagers residing at Aladua village in Ayedaade Local Government Area of Osun State who are predominantly cocoa farmers have volunteered their services on the construction of the access road to the village so as to save cost and make good use of the fund provided for the project by the Osun State Agency for Community and Social Development. The ...

A two-kilometre road connecting Mabushi-Jahi has been in a bad condition for years and the neglect by the FCT authorities is causing concern to residents and others who ply the road. The road, which passes between Setraco building and Zeus Paradise Hotel, starts off on Sani Abacha Way, crosses Ahmadu Bello Way by Next Cash and Carry and links up ...